Supply, Reserves, and Equilibrium (superseded by automation)

Liquidity
#235

@nmei , any comment re above?

#236

Nushares buyback calculation as of Fri Jun 24 23:38:21 UTC 2016
blocks":933544
Total NBT = 1321484.2713

Uncirculating Nubits

Total NBT in circulation is 662100.648700 NBT.

Tier 4 Funds

bitfinex BTC mid price is 660.685 USD
btc-e PPC average price is 0.00061 BTC

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $17007.987957 (25.742961 BTC)

Of the 662100.648700 NBT in circulation, 662100.648700 - 0.000000(NuSafe) = 662100.648700 NBT are outstanding.

15.00 percent of outstanding Nubits, 99315.097305 NBT (150.321405 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 150.321405 = -124.578444 BTC (17007.987957 - 99315.097305 = -82307.109348 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -6.2289 BTC (~ -4115.36 NBT)

Standard < -2500: Sell 4115.36 NBT (6.2289 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.666667
PPC Standard is -3310.503244 NBT

Standard x F (-2743.570312) < -1000: Sell -2743.57 NBT (4.1526 BTC) amount of PPC next week.

2 Likes
Ideal Liquidity Operations practices and policies
Nu Blind Auction NSR #2 (closed)
[Passed] Temporarily cap NBT supply with full reserve
#237

Nushares buyback calculation as of Sat Jul 2 00:31:13 UTC 2016
blocks":945777
Total NBT = 1321312.3743

Uncirculating Nubits

Total NBT in circulation is 661928.751700 NBT.

Tier 4 Funds

bitfinex BTC mid price is 676.73 USD
btc-e PPC average price is 0.00063 BTC

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $17421.033761 (25.742961 BTC)

Of the 661928.751700 NBT in circulation, 661928.751700 - 0.000000(NuSafe) = 661928.751700 NBT are outstanding.

15.00 percent of outstanding Nubits, 99289.312755 NBT (146.719242 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 146.719242 = -120.976282 BTC (17421.033761 - 99289.312755 = -81868.278994 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -6.0488 BTC (~ -4093.41 NBT)

Standard < -2500: Sell 4093.41 NBT (6.0488 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.666667
PPC Standard is -3309.643759 NBT

Standard x F (-2728.942633) < -1000: Sell -2728.94 NBT (4.0325 BTC) amount of PPC next week.

1 Like
FLOT NSR Operations (buy side)
#238

Because @jooize just burned nbt from last week’s auction, noy

649989.073700 NBT are outstanding.

1 Like
#239

Nushares buyback calculation as of Sat Jul 9 01:15:10 UTC 2016
Get moneysupply from nud
"blocks" : 956778,
Total NBT = 1308057.1517

Uncirculating Nubits

Total NBT in circulation is 648673.529100 NBT.

Tier 4 Funds

bitfinex BTC mid price is 660.005 USD
btc-e PPC average price is 0.000605 BTC

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $16990.482744 (25.742961 BTC)

Of the 648673.529100 NBT in circulation, 648673.529100 - 0.000000(NuSafe) = 648673.529100 NBT are outstanding.

15.00 percent of outstanding Nubits, 97301.029365 NBT (147.424685 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 147.424685 = -121.681725 BTC (16990.482744 - 97301.029365 = -80310.546621 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -6.0841 BTC (~ -4015.53 NBT)

Standard < -2500: Sell 4015.53 NBT (6.0841 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.666667
PPC Standard is -3243.367646 NBT

Standard x F (-2677.018221) < -1000: Sell -2677.02 NBT (4.0561 BTC) amount of PPC next week.

2 Likes
FLOT NSR Operations (buy side)
#240

v0.10 use 100% reserve. show NBT price. Standard is much higher.

Nushares buyback calculation as of Sat Jul 16 00:01:04 UTC 2016
blocks":966583
Total NBT = 1271469.0029

Uncirculating Nubits

Total NBT in circulation is 612085.380300 NBT.

Tier 4 Funds

bitfinex BTC mid price is 665.52 USD
btc-e PPC average price is 0.000625 BTC
Poloniex NBT/BTC 0.00127939 $ 0.85146
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $17132.455172 (25.742961 BTC)

Of the 612085.380300 NBT in circulation, 612085.380300 - 0.000000(NuSafe) = 612085.380300 NBT are outstanding.

100.00 percent of outstanding Nubits, 612085.380300 NBT (919.709972 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 919.709972 = -893.967011 BTC (17132.455172 - 612085.380300 = -594952.925128 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -44.6984 BTC (~ -29747.65 NBT)

Standard < -2500: Sell 29747.65 NBT (44.6984 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -3060.426901 NBT

Standard x F (-2974.764626) < -1000: Sell -2974.76 NBT (4.4698 BTC) amount of PPC next week.

1 Like
FLOT NSR Operations (buy side)
Nu Blind Auction NSR #5 (closed)
#241

How could you maintain 100% reserve when BTC price volatile? perhaps fluctuates around 50-150%.

#242

by doing this according to Standard and Core and the 100% reserve motion :

Although how to sell that much (although 5% of shortage) without disturbing the market is a problem

#243

@jooize and I are discussing details of how to implement an NSR sale plan that is compliant with the latest calculation. You will hear more from us soon.

However, it is reasonable and prudent to slow down the rate of NSR sales once the normal peg is recovered. This requires a passed motion to change, and I intend to advance a motion to do so, although I have not formulated the details of that yet.

This week’s required NSR sales are similar to what was actually sold over the past couple of weeks, so we will continue sales at about the same pace as they have been. Once peg is reached, I intend to lower the quantity of sales.

[Voting] 100 Million Nushares to FLOT-NSR to Replenish Reserve and Reduce Nu Liability
#244

Nushares buyback calculation as of Sat Jul 23 00:17:59 UTC 2016
blocks":976515
Total NBT = 1271771.6552

Uncirculating Nubits

Total NBT in circulation is 602388.032600 NBT.

Tier 4 Funds

bitfinex BTC mid price is 649.165 USD
btc-e PPC average price is 0.000675 BTC
Poloniex NBT/BTC 0.00120000 $ 0.778998
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $16711.429050 (25.742961 BTC)

Of the 602388.032600 NBT in circulation, 602388.032600 - 0.000000(NuSafe) = 602388.032600 NBT are outstanding.

100.00 percent of outstanding Nubits, 602388.032600 NBT (927.942869 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 927.942869 = -902.199908 BTC (16711.429050 - 602388.032600 = -585676.603550 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -45.1100 BTC (~ -29283.83 NBT)

Standard < -2500: Sell 29283.83 NBT (45.1100 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -3011.940163 NBT

Standard x F (-2928.383018) < -1000: Sell -2928.38 NBT (4.5110 BTC) amount of PPC next week.

1 Like
#245

Any idea about how many NSR we have in circulation right now?

#246

its on the home page of the explorer or from getinfo command.

#247

it gives [ 1098952477] NSR but I am wondering if there are no NSR that are frozen somehow somewhere.

#249

v 0.10.2

Nushares buyback calculation as of Sun Jul 31 00:22:53 UTC 2016
blocks":987993
Total NBT = 1250037.2904

Uncirculating Nubits

Total NBT in circulation is 580653.667800 NBT.

Tier 4 Funds

bitfinex BTC mid price is 654.025 USD
btc-e PPC average price is 0.00059 BTC
Poloniex NBT/BTC 0.00123435 $ 0.807296
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $16836.539839 (25.742961 BTC)

Of the 580653.667800 NBT in circulation, 580653.667800 - 0.000000(NuSafe) = 580653.667800 NBT are outstanding.

100.00 percent of outstanding Nubits, 580653.667800 NBT (887.815707 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 887.815707 = -862.072746 BTC (16836.539839 - 580653.667800 = -563817.127961 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -43.1036 BTC (~ -28190.86 NBT)

Standard < -2500: Sell 28190.86 NBT (43.1036 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -2903.268339 NBT

Standard x F (-2819.085640) < -1000: Sell -2819.09 NBT (4.3104 BTC) amount of PPC next week.

[updated with working block chain data]

2 Likes
#250

v0.11 add and use bitstamp last price for BTC/USD

Nushares buyback calculation as of Sat Aug 6 01:44:47 UTC 2016
blocks":996223
Total NBT = 1211837.7117

Uncirculating Nubits

Total NBT in circulation is 542454.089100 NBT.

Tier 4 Funds

bitstamp BTC last price is 578.00000 USD
btc-e PPC average price is 0.000625 BTC
Poloniex NBT/BTC 0.00124460 $ 0.719379
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $14879.431256 (25.742961 BTC)

Of the 542454.089100 NBT in circulation, 542454.089100 - 0.000000(NuSafe) = 542454.089100 NBT are outstanding.

100.00 percent of outstanding Nubits, 542454.089100 NBT (938.501884 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 938.501884 = -912.758924 BTC (14879.431256 - 542454.089100 = -527574.657844 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -45.6379 BTC (~ -26378.73 NBT)

Standard < -2500: Sell 26378.73 NBT (45.6379 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -2712.270446 NBT

Standard x F (-2637.873289) < -1000: Sell -2637.87 NBT (4.5638 BTC) amount of PPC next week.

#251

Nushares buyback calculation as of Sat Aug 13 03:17:04 UTC 2016
blocks":1006415
Total NBT = 1211991.5298

Uncirculating Nubits

Total NBT in circulation is 542607.907200 NBT.

Tier 4 Funds

bitstamp BTC last price is 581.86000 USD
btc-e PPC average price is 0.00061 BTC
Poloniex NBT/BTC 0.00116767 $ 0.67942
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $14978.799084 (25.742961 BTC)

Of the 542607.907200 NBT in circulation, 542607.907200 - 0.000000(NuSafe) = 542607.907200 NBT are outstanding.

100.00 percent of outstanding Nubits, 542607.907200 NBT (932.540314 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 932.540314 = -906.797354 BTC (14978.799084 - 542607.907200 = -527629.108116 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -45.3399 BTC (~ -26381.46 NBT)

Standard < -2500: Sell 26381.46 NBT (45.3399 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -2713.039536 NBT

Standard x F (-2638.145541) < -1000: Sell -2638.15 NBT (4.5340 BTC) amount of PPC next week.

2 Likes
Bull market breakout in US NuBits underway
#252

@mhps not any update ?

#253

There is not enough interest.

#254

can you show the github link about the shell script ?

#255

It’s https://github.com/mh001/buybackcalc

Just did a run

Nushares buyback calculation as of Sat Sep 10 13:21:34 UTC 2016
blocks":1047124
Total NBT = 1138994.8992

Uncirculating Nubits

Total NBT in circulation is 469611.276600 NBT.

Tier 4 Funds

bitstamp BTC last price is 622.63000 USD
btc-e PPC average price is 0.00053 BTC
Poloniex NBT/BTC 0.00158684 $ 0.988014
The following calculations use 1 NBT = $1.

Tier 4 buy side funds 25.742961 BTC, 0.000000 PPC, and $0.000000, valued $16028.339590 (25.742961 BTC)

Of the 469611.276600 NBT in circulation, 469611.276600 - 0.000000(NuSafe) = 469611.276600 NBT are outstanding.

100.00 percent of outstanding Nubits, 469611.276600 NBT (754.238113 BTC), are reserved and excluded from the share buyback calculation.

25.742961 - 754.238113 = -728.495153 BTC (16028.339590 - 469611.276600 = -453582.937010 NBT) are in the share buyback pool.
The Standard is 5.00 percent of this, -36.4248 BTC (~ -22679.15 NBT)

Standard < -2500: Sell 22679.15 NBT (36.4248 BTC) amount of NSR next week.

Auxiliary reserve flow is 0.100000
PPC Standard is -2348.056383 NBT

Standard x F (-2267.914685) < -1000: Sell -2267.91 NBT (3.6425 BTC) amount of PPC next week.

4 Likes
Liquidity Operations